Uzbekistan announced plans for a new international financial centre and six investment priorities at the Tashkent International Investment Forum. The centre will operate under English common law with significant tax incentives for 50 years. The country has attracted over $150 billion in foreign investment recently.
Uzbekistan's President Shavkat Mirziyoyev announced plans for a new international financial centre operating under English common law principles, offering extensive tax incentives for 50 years. The initiative aims to attract foreign investment by creating a familiar regulatory environment. The country has attracted over $150bn in foreign investment recently, with its economy growing by 7.7% last year.
State Street Investment Management launched a money market fund for stablecoin issuers, designed to hold reserve assets under the new GENIUS Act framework. The fund invests in US government securities and repurchase agreements, with initial investors including State Street Bank and Anchorage Digital.
Morgan Stanley is enabling external AI agents to directly access its stock administration platforms, marking a significant step in integrating AI into financial services. This move aims to scale services and improve client interaction.
Financial institutions like Franklin Templeton and BNP Paribas are exploring tokenization and stablecoins to enhance capital markets in Europe by improving settlement and liquidity. Major US banks are also planning tokenized deposit networks, while Nasdaq and NYSE are developing tokenized trading infrastructure.
Kazakhstan's Altyn Bank, backed by China Citic Bank, is seeking partnerships with Hong Kong financial institutions and investors to develop new financing channels for Central Asia via the city's offshore renminbi market. The bank's chairman noted three clients are exploring dim sum bond issuance.
Japan's government, major financial institutions, and critical infrastructure organizations have secured access to Anthropic's AI model 'Mythos', which can detect software vulnerabilities. The move aims to bolster cybersecurity defenses against potential attacks.
Multiple financial institutions showcased innovative services for sci-tech enterprises at the 2026 World Intelligence Industry Expo in Tianjin. The event highlighted diversified, full-cycle tech-finance services including equity funds, debt-to-equity swaps, and financial leasing.
Digital Minister Matsumoto expressed his welcome for US startup Anthropic granting the Japanese government and some domestic financial institutions access to its AI model "Claude-3". Details on contract value and eligible companies were not disclosed.
The UK sanctions crypto exchange HTX for aiding Russia's financial sector through alleged ties to A7, a Russian crypto exchange. UK institutions are banned from doing business with HTX, and may freeze related transactions.
Anthropic's new AI, Claude-Mytos, poses a significant threat to financial institutions by identifying system vulnerabilities. The potential for widespread distribution of correction programs and the AI's ability to generate attack code could force smaller banks into consolidation due to high costs.
The Financial Services Agency (FSA) has asked financial institutions nationwide to prepare for cyberattacks, including potential system shutdowns, due to the risk of a newly developed AI, "Claude Mythos," being misused. Institutions are urged to develop short-term countermeasures within approximately one month.
Data centre leasing in Hong Kong is supported by hyperscale CSPs, Chinese tech firms, and financial institutions, though AI demand faces technical limits. Malaysia, Australia, and India lead regional growth in live capacity.
BitGo has launched a modular digital asset infrastructure platform for banks, offering custody, trading, and stablecoin services. The platform allows banks to integrate services individually and is already used by institutions like Erebor Bank and Banco de Crédito del Perú.
OpenAI announces a new ChatGPT feature allowing US Pro subscribers to securely connect financial accounts via Plaid, enabling personalized financial insights and decision support, with user controls over data privacy and usage.
South Korean President Lee Jae Myung denounced illegal private lenders charging excessive interest rates, reminded financial institutions of their social responsibilities, and clarified that loans over 60% annual interest are invalid and punishable by law.
Moody's reports US banks anticipate a gradual start followed by rapid acceleration in the transition to a digitized financial system through tokenization, with broad asset tokenization seen as inevitable but timing uncertain.
Hong Kong reports a 6.9% drop in technology crime cases to 31,571 in 2025, but financial losses from hacking more than double to HK$62.6 million, prompting police to warn of severe impacts from high-value cyberattacks on financial and crypto platforms.
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
Major financial institutions use XRP Ledger to demonstrate blockchain's ability to settle tokenized Treasuries across borders in seconds.
AI giants OpenAI and Anthropic are intensifying their competition by launching new ventures aimed at boosting enterprise AI adoption. Both companies have secured significant funding from major financial institutions to help businesses integrate their AI tools into daily operations. This strategic move prioritizes real-world usage and revenue growth as both firms reportedly explore public listings.
AI giants OpenAI and Anthropic are intensifying their competition by launching new ventures aimed at boosting enterprise AI adoption. Both companies have secured significant funding from major financial institutions to help businesses integrate their AI tools into daily operations. This strategic move prioritizes real-world usage and revenue growth as both firms reportedly explore public listings.
‘Targeted support’ means certain banks and financial institutions can offer free extra help with investments and pensionsMany Britons are daunted by the world of investing, but new City rules mean certain banks and financial institutions can offer free extra help with investments and pensions.Last month marked the launch of “targeted support”, a new regulated service that permits companies to suggest investments and pension products to customers that might provide a better return. Continue reading...
